Category: Web3
Blockchains, DeFi, stablecoins, DAOs and the decentralized internet.
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Moody’s A2 rating for Ripple’s RLUSD
Ripple calls it the first investment-grade stablecoin, and the law meant to protect reserves is not yet in force.
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Utah is the tenth state the CFTC has sued over prediction markets
Each suit repeats the same claim of exclusive jurisdiction, and no court ruling has been reported.
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Bithumb says the intruders reached staff messaging, not customer assets
The exchange is still working out whose personal information was taken, and the assurance on assets is its own.
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Brazil’s deadline for bank crypto notifications is Friday, and Itaú has filed first
Notifying the central bank is not approval, and the cutoff for dealing with unauthorised providers follows a week later.
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Ripple has its final federal bank approval, and has not said when the bank will open
RLUSD gets a federal regulator, but the oversight structure around it is now split in two.
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Keystone will destroy 18,835 hardware wallets after a breach, and has not said whether the stolen key was used
The company says no recovery phrases were exposed, but a factory key that cannot be changed was.
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Japan’s top yen stablecoin has reached about a quarter of its first-year target, and its chief blames a cap
The issuer says the rules throttle corporate demand, though the one big spike came from a listing and faded.
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Hyperliquid wants Kraken’s parent as its first CFTC-regulated market deployer, and no regulator has signed off
It is a stated intention on X, with the permissioning tools still running only on a testnet.
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Solana now charges 1 SOL, about $100, to file a bug report, after a contest drew 809 mostly AI-written submissions
The fee is meant to stop spam, and nobody can yet say whether it will.
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HSBC’s stablecoin has reached an app with 3.3 million users, and nobody has said how many will switch it on
RedCoin is the first Hong Kong stablecoin to land in a mass-market wallet, but the claim that it is fully backed is HSBC’s own.